Growth Stocks To Keep An Eye On – February 02nd

BlackRock, Novo Nordisk A/S, and Blackstone are the three Growth stocks to watch today, according to MarketBeat’s stock screener tool. Growth stocks are shares of companies expected to increase in value at a faster pace than the overall market. These companies typically reinvest their earnings back into expanding their business operations, resulting in potential capital appreciation for investors. Growth stocks are often characterized by high price-to-earnings ratios and lower dividends, as they prioritize growth over immediate returns to shareholders. These companies had the highest dollar trading volume of any Growth stocks within the last several days.

BlackRock (BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Shares of BLK stock traded up $4.31 during trading hours on Friday, hitting $1,075.83. 957,428 shares of the company’s stock were exchanged, compared to its average volume of 724,184. BlackRock has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The firm has a market cap of $166.63 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.90 and a beta of 1.28. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $1,026.43 and a two-hundred day moving average of $963.00.

Novo Nordisk A/S (NVO)

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease.

NYSE NVO traded down $0.98 on Friday, hitting $84.36. The company had a trading volume of 6,542,055 shares, compared to its average volume of 8,870,016. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.75. The company has a market capitalization of $378.56 billion, a PE ratio of 27.30, a PEG ratio of 0.92 and a beta of 0.45. Novo Nordisk A/S has a 12-month low of $78.17 and a 12-month high of $148.15. The company’s fifty day moving average price is $93.56 and its 200-day moving average price is $113.03.

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

Shares of BX traded down $0.86 during mid-day trading on Friday, hitting $176.92. 3,006,940 shares of the company were exchanged, compared to its average volume of 2,629,713. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Blackstone has a 1-year low of $115.82 and a 1-year high of $200.96. The stock has a market cap of $127.74 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company has a 50 day moving average of $180.15 and a 200-day moving average of $162.43.